The Ministry of Ecology and Environment, together with 18 departments including the National Development and Reform Commission, jointly issued the “15th Five-Year Plan for Combating Climate Change” on the 29th. The target tasks for dealing with climate change during the “15th Five-Year Plan” period are systematically deployed to address climate change in the next five years, providing clear guidelines for dealing with climate change over the next five years. The carbon market is an important policy tool that uses market mechanisms to actively respond to climate change and accelerate the overall green transformation of economic and social development. It is also a powerful measure to achieve carbon neutrality when carbon peaks reach its peak. The newly introduced “Fifteenth Five-Year Plan for the National Response to Climate Change” proposes to strengthen the construction of a national carbon market and expand the scope of industries and types of greenhouse gases in an orderly manner. Experts pointed out that these goals are based on China's actual development and provide a long-term impetus for cultivating new productivity, driving the green transformation of the industry, and achieving the “double carbon” goal.

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